So, I am looking to sell my car and wanted to see what a baseline price would be. Come to find out there was a 1.5k difference between these two appraisal sites. Anyone else run into this issue ? I was kind of shocked to see how low KBB is now a days too.
KBB or NADA ?
welderdood
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So, I am looking to sell my car and wanted to see what a baseline price would be. Come to find out there was a 1.5k difference between these two appraisal sites. Anyone else run into this issue ? I was kind of shocked to see how low KBB is now a days too.
Use a bigger number when selling, lower when buying:laugh::laugh:
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Har har 
I get how to buy and sell items but I wanted some kind of baseline. We all know that everyone looks up KBB values when buying cars. Do these #s really matter now a days anyways ?
I get how to buy and sell items but I wanted some kind of baseline. We all know that everyone looks up KBB values when buying cars. Do these #s really matter now a days anyways ?
both.:laugh:
seriously.
when i have narrowed down to what i want to buy or sell.
i look at as many places as i can quickly get to see what the car is worth.
kbb, nada, edmunds, craigslist and autotrader... i will hit all of them to see what the market is.
once you get the hang of it, etc... you should be able to get pretty solid numbers in 15 minutes or so.
seriously.
when i have narrowed down to what i want to buy or sell.
i look at as many places as i can quickly get to see what the car is worth.
kbb, nada, edmunds, craigslist and autotrader... i will hit all of them to see what the market is.
once you get the hang of it, etc... you should be able to get pretty solid numbers in 15 minutes or so.
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When I was trying to trade my hybrid not a single dealer gave a **** about any valuation besides "auction price". **** is that about?
Because that's what the wholesale transaction prices are instead of a guide. KBB or Edmunds won't buy your car.
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...but it didn't seem fair. What if they sell it off their lot after I trade in? They going to sell it for auction price?
Capitalism 101: Dealer wants your car for as little as possible so they can sell it for as much as possible. Buy low-sell high=Profit. Fairness and Profit aren't on speaking terms.
Hah, when I got a trade in quote on my Camry, that's exactly what they called it. The "Fair Value" price. KBB says it's worth 11, and they wanted to give me a little over 8. Found a model year newer, but 25k more miles, on their site shortly after for 15k.
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Went in to try and trade in my truck. I told them nada is 30k but they are like thats kbb pull it up and it was 2.5K less. So they went with the lesser amount. I walked out as it was a waste of time. Dealers are shady and if that doesn't work they will tell you auction price, black book price too much bs to deal with.
Why anybody would trade-in unless they owe more on the car than it's worth and are trying to roll the debt, is completely beyond me...
Car dealers are in the business of making money. That means they are going to try to get you to sell it at the lowest price you will take, then they will turn around and try to get the highest price for the car. If you cut them out as the middleman you potentially wind up with thousands more, for a little extra work of showing the car to people. Even if you consider your time worth $500 an hour, you most likely won't spend more than a few hours dealing with people buying the car.
I always recommend advertising a car at the highest KBB price (excellent condition), regardless of actual condition and expect people to offer you maybe 10-20% below that, depending on condition. You can always come down in price but once you've admitted a price at which you're willing to sell, it's hard to get people to pay more than that, should you realize you priced it too low.
It only takes one sucker to sell a car. Words of my grandfather, who at one time owned a Ford dealership.
Also get the car fully detailed, professionally (NOT at the dealer, go to like a car wash that will do it for $100). I have sold many cars and it makes a big difference.
Car dealers are in the business of making money. That means they are going to try to get you to sell it at the lowest price you will take, then they will turn around and try to get the highest price for the car. If you cut them out as the middleman you potentially wind up with thousands more, for a little extra work of showing the car to people. Even if you consider your time worth $500 an hour, you most likely won't spend more than a few hours dealing with people buying the car.
I always recommend advertising a car at the highest KBB price (excellent condition), regardless of actual condition and expect people to offer you maybe 10-20% below that, depending on condition. You can always come down in price but once you've admitted a price at which you're willing to sell, it's hard to get people to pay more than that, should you realize you priced it too low.
It only takes one sucker to sell a car. Words of my grandfather, who at one time owned a Ford dealership.
Also get the car fully detailed, professionally (NOT at the dealer, go to like a car wash that will do it for $100). I have sold many cars and it makes a big difference.
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dont look at the books, look at the market, ie look at autotrader, cars.com, craigslist, etc and look for similar cars to see what they are listed at, and list accordingly. if you feel your car is better than most, ask more, but be prepared to sit on it; if you feel its average, advertise where similar model, year, equip, mileage cars are listed; if you just want a quick sale, list at a slightly lower price than comparable cars.
whatever your price, have a good reason for it. dont say ït books at¨ explain why youre car is worth it, lower miles, better condition, desirable color combo, more options, service records, etc, and show documentation of recent work, a carfax etc, all these things build value
whatever your price, have a good reason for it. dont say ït books at¨ explain why youre car is worth it, lower miles, better condition, desirable color combo, more options, service records, etc, and show documentation of recent work, a carfax etc, all these things build value
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